Table of Contents
MBA in Finance programmes at India’s top 10 colleges come with attractive salary packages. Graduates can earn anywhere between INR 10 LPA to INR 35 LPA, based on their college’s ranking. These impressive returns make finance one of the most popular MBA specialisations in India.
The salary prospects after an MBA in finance make it worth the investment. MBA finance course fees range from INR 5 lakh to INR 25 lakh, but the career opportunities are excellent. Graduates find themselves working with prestigious companies like Reliance and Tata Group, along with major banks such as ICICI Bank and HDFC Bank. JBIMS Mumbai stands out as a prime example where students pay INR 6 lakh for the course and land average placement packages of INR 28.02 LPA.
The blog will give you the detailed information on the top 10 MBA In Finance Colleges In India along with the fees, placement records, and overall value.
Why Choose an MBA in Finance in India?
The financial sector in India has grown tremendously, which makes an MBA in Finance a valuable qualification today. This specialisation gives aspiring business professionals several advantages when they look for stable, well-paying careers.
Growing demand for finance professionals
India has become a major player in the global financial services ecosystem in the last 10 years. The country now has more than 1,700 Global Capability Centres (GCCs) with 2,975 centres. These contribute about USD 64.6 billion to the economy and employ around 1.9 million people.
Finance professionals are needed beyond traditional banking roles. Companies in technology, healthcare, retail, and e-commerce just need financial expertise to handle their budgets, investments, and cash flows. This makes finance skills valuable in any discipline.
The rise of multinational companies in India and adoption of global financial reporting frameworks have substantially increased the need for accounting and finance professionals who meet international standards.
Diverse career opportunities
The Indian fintech market will reach INR 12,657.07 billion by 2025. This creates new opportunities in AI-driven financial analytics, digital banking, and blockchain-based solutions. Green investing and ESG (Environmental, Social, Governance) are changing how businesses operate, which creates new roles. An MBA in finance creates paths to various roles across industries. Graduates can work in:
| Sector | Potential Roles | Salary Range (INR) |
| Banking & Investment | Investment Banker, Portfolio Manager | 25-50 LPA |
| Corporate | Financial Analyst, CFO, Corporate Controller | 12-40 LPA |
| Consulting | Risk & Compliance Manager, Management Consultant | 15-50 LPA |
| Fintech | Financial Analyst, Business Analyst | 12-40 LPA |
| Audit & Compliance | Forensic Accountant, Compliance Officer | 10-30 LPA |
High ROI compared to other specialisations
An MBA in Finance performs better than other specialisations when it comes to return on investment. Finance graduates earn higher starting salaries, beginning at Rs 820,000 per year. GMAC’s Corporate Recruiters Survey shows MBA holders earn 22% to 40% more than bachelor’s degree holders.
Top institution graduates get packages between INR 18-35 LPA from prestigious firms like Axis Bank, Bajaj Broking, McKinsey, JP Morgan, and BCG. Mid-tier college graduates can expect INR 6-12 LPA with good growth potential.
Job security comes naturally with an MBA in Finance. India’s financial sector is growing faster, and professionals with both theoretical knowledge and practical skills are in high demand.
Also Check: MBA Colleges In Hyderabad
Top 10 MBA in Finance Colleges in India
An MBA in Finance from India’s top institutions can launch your career in banking, consulting, and corporate finance. Here are the top 10 MBA in Finance Colleges in India that offer this specialisation:
1. IIM Ahmedabad
IIM Ahmedabad’s flagship MBA programme delivers strong finance education through its Finance and Accounting department. The two-year residential programme prepares future leaders through case-based learning and has put them among the top 10 MBA in Finance Colleges in India. The institute’s deep connections with financial giants help finance specialists secure excellent placements.
| Details | Information |
| Exam Accepted | CAT, GMAT, GRE |
| Course Offered | PGPM |
| Fees | ₹23 Lakhs |
| Average Placement | ₹25.83 LPA |
| Seats | 385 |
| Top Recruiters | Goldman Sachs, HSBC, McKinsey, JP Morgan |
| Notable Alumni | Raghuram Rajan, Chetan Bhagat, Harsha Bhogle |
2. IIM Calcutta
IIM Calcutta’s MBA programme stands out with its finance specialisation and the highest number of electives among Indian B-schools, which puts it among the top 10 MBA in Finance Colleges in India. The institute’s 2023 placements resulted in 573 offers for 465 students. Finance roles typically come with packages between INR 25-50 LPA. Students bridge their classroom learning with real industry experience through summer internships, which often lead to pre-placement offers.
| Details | Information |
| Exam Accepted | CAT, GMAT, GRE |
| Course Offered | PGPM |
| Fees | ₹27 Lakhs |
| Average Placement | ₹25.33 LPA |
| Seats | 462 |
| Top Recruiters | BCG, Axis Bank, ICICI Bank, Amazon |
| Notable Alumni | Indra Nooyi, Gopal Vittal, Ramchandra Guha |
3. IIM Bangalore
IIMB’s Finance and Accounting department actively contributes to research, teaching, and policy influence that it puts in the top 10 MBA in Finance Colleges in India. The faculty publishes in top international journals and teaches many electives, including Investments, Derivatives, and Risk Management. Multinational corporations consider IIMB a key source for global talent, which is reflected in its excellent placement records.
| Details | Information |
| Exam Accepted | CAT |
| Course Offered | PGPM |
| Fees | ₹21 Lakhs |
| Average Placement | ₹24.54 LPA |
| Seats | 412 |
| Top Recruiters | Bajaj Finserv, Citibank, JP Morgan, Adani Group |
| Notable Alumni | Ravi Subramanian, Karan Bajaj |
4. XLRI Jamshedpur
XLRI is among the top 10 MBA in Finance Colleges in India that adapts its curriculum to industry needs while focusing on ethical management practices. The PGDM Finance programme’s affiliation with CFA University and GARP (USA) allows students to get CFA and FRM scholarships. The complete curriculum covers about 70% of the CFA syllabus.
| Details | Information |
| Exam Accepted | XAT, GMAT |
| Course Offered | PGDM |
| Fees | ₹16.8 Lakhs |
| Average Placement | ₹24.3 LPA |
| Seats | 180 |
| Top Recruiters | TATA, Infosys, Axis Bank, Amazon |
| Notable Alumni | Leena Nair, Vineet Nayar |
5. JBIMS Mumbai
Known as the “CEO factory of India,” JBIMS is among the top 10 MBA in Finance Colleges in India that provides great value with annual fees around INR 4.20 lakhs. The two-year MMS programme’s finance specialisation boasts impressive placement statistics – an average package of INR 26.12 LPA and the highest package of INR 87.12 LPA. Students complete an 8-12 week summer internship between their second and third semesters that puts them among the top 10 MBA in Finance Colleges in India.
| Details | Information |
| Exam Accepted | CAT, CMAT, MAH-CET |
| Course Offered | MMS |
| Fees | INR 6 Lakhs |
| Average Placement | INR 20.13 LPA |
| Seats | 120 |
| Top Recruiters | Reliance, Hindustan Unilever, Goldman Sachs |
| Notable Alumni | Chanda Kochhar, Uday Kotak, Mani Ratnam |
6. SPJIMR Mumbai
SPJIMR’s ‘Triple Crown’ accreditation (AACSB, AMBA, EQUIS) puts it among the top 1% of global business schools and is among the top 10 MBA in Finance Colleges in India. Finance graduates land positions at BCG, Avendus, PWC, KPMG, Goldman Sachs, and Reliance. SPJIMR PGDM placements 2022 saw an average package of INR 32.06 LPA.
| Details | Information |
| Exam Accepted | CAT, GMAT, XAT |
| Course Offered | PGDM |
| Fees | ₹17.5 Lakhs |
| Average Placement | ₹26.36 LPA |
| Seats | 240 |
| Top Recruiters | Byju’s, Dabur, Google, Cisco |
| Notable Alumni | Sunil Lulla, Rajesh Jejurikar |
7. FMS Delhi
FMS Delhi is among the top 10 MBA in Finance Colleges in India that maintains a 100% placement record with competitive packages. The 2023 placement report shows the highest package at INR 123 LPA, with average and median packages of INR 34.1 LPA and INR 31 LPA. Banking and financial services made up 19% of total offers, with American Express, Morgan Stanley, and Standard Chartered among the recruiters.
| Details | Information |
| Exam Accepted | CAT |
| Course Offered | MBA |
| Fees | ₹1.92 Lakhs |
| Average Placement | ₹25.6 LPA |
| Seats | 288 |
| Top Recruiters | Microsoft, JP Morgan, Nestle, SBI |
| Notable Alumni | Raghav Bahl, Ira Singhal |
8. NMIMS Mumbai
NMIMS’s MBA programme costs INR 23.90 lakhs and offers excellent ROI through strong placements, and it is ranked among the top 10 MBA in Finance Colleges in India. The institute ranks 21st in NIRF’s management category and holds AACSB accreditation. The BFSI sector dominates at NMIMS, representing 29% of recruiters and 33% of placements for the MBA Core batch.
9. MDI Gurgaon
MDI Gurgaon ranks ninth among the top 10 MBA in Finance Colleges in India. The Post Graduate Programme in Management (PGPM) at MDI Gurgaon gives the analytical skills needed in today’s complex financial world. Students learn both theory and practice through case studies, simulations, and industry projects.
MDI’s finance programme stands out because it combines traditional finance with new areas like fintech, algorithmic trading, and green finance.
The programme’s ROI remains strong – graduates typically earn between INR 15-25 LPA. The entrance exams required are CAT, XAT and GMAT. The final selection takes place after reviewing the performance in GD and PI.
| Details | Information |
| Exam Accepted | CAT |
| Course Offered | PGPM |
| Fees | ₹19.8 Lakhs |
| Average Placement | ₹22 LPA |
| Seats | 420 |
| Top Recruiters | Deloitte, OYO, Accenture, KPMG |
| Notable Alumni | Durjoy Datta, Sachin Garg |
10. IMT Ghaziabad
IMT Ghaziabad stands as a prestigious institution in India’s National Capital Region and is ranked 10th among the top 10 MBA in Finance Colleges in India. This 43-year-old management school has made its mark through a PGDM programme with an excellent finance specialisation. The admission process includes CAT, XAT, and GMAT scores. Candidates then need to appear for group discussions and personal interviews for the final selection process. IMT Ghaziabad deserves its spot among India’s top MBA Finance institutions.
| Details | Information |
| Exam Accepted | CAT, XAT, GMAT |
| Course Offered | PGDM |
| Fees | ₹19 Lakhs |
| Average Placement | ₹12.5 LPA |
| Seats | 660 |
| Top Recruiters | Paytm, Google, Goldman Sachs |
| Notable Alumni | Prasoon Joshi, Sachin Pilot |
Top 10 MBA In Finance Colleges In India: Fees, Exams, Salary
Students looking to pursue an MBA in finance can make better decisions by comparing key metrics between institutions. This table shows a detailed comparison of fees, entrance exams, and placement statistics from top 10 MBA in Finance Colleges in India.
| College | Total Fee (INR) | Primary Exams | Avg. Salary (LPA) |
| IIM Ahmedabad | 23-26.5 Lakhs | CAT | 34-36.2 LPA |
| IIM Bangalore | 23-26.5 Lakhs | CAT | 35.3-35.9 LPA |
| IIM Calcutta | 23-27 Lakhs | CAT | 33-34.2 LPA |
| XLRI Jamshedpur | 23.6-30.6 Lakhs | XAT | 32.7 LPA |
| JBIMS Mumbai | 6-7 Lakhs | MAH CET | 28.02 LPA |
| SPJIMR Mumbai | 18-24 Lakhs | CAT, XAT | 33 LPA |
| FMS Delhi | 1.92-2.5 Lakhs | CAT | 34.1 LPA |
| NMIMS Mumbai | 19-24 Lakhs | NMAT | 27 LPA |
| MDI Gurgaon | 22-28 Lakhs | CAT, XAT | 28.5 LPA |
| IMT Ghaziabad | 17 Lakhs | CAT, XAT | 25 LPA |
MBA in Finance Course Structure
The MBA in Finance programme runs for two years with a well-laid-out curriculum. Students learn both basic management principles and gain deep financial expertise.
Year-wise breakdown
The first year builds a strong foundation in core management subjects. Students start with management basics, economics, accounting, and organisational behaviour. The coursework advances to financial management, marketing, human resources, and operations research. A change toward specialised finance subjects happens in the second year. Students study strategic financial management, banking systems, investment portfolio management, and financial derivatives. This structure helps students develop both a wide and a deep understanding of finance.
| Year | Semester | Focus Area | Key Courses |
| Year 1 | Semester I | Management Foundations | Management Concepts, Economics, Accounting, Business Environment |
| Year 1 | Semester II | Core Functions | Financial Management, Marketing, HR, Operations Research |
| Year 2 | Semester III | Finance Specialisation | Strategic Financial Management, Banking, Financial Services |
| Year 2 | Semester IV | Advanced Finance | Investment Management, Global Finance, Financial Derivatives |
MBA in Finance Eligibility and Entrance Exams
Getting into an MBA in finance programmes requires specific eligibility criteria and good performance in competitive entrance exams. Students planning their management education path among the top 10 MBA in Finance Colleges in India should know these important requirements.
Academic background required
The best MBA in finance colleges require candidates to have a bachelor’s degree from a recognised university. The basic academic qualifications are:
- 50% combined marks in graduation for general category students
- 45% combined marks for reserved category students
- Leading business schools might need higher percentages, up to 80%
Some specialised programmes have extra requirements. Some institutions need candidates who studied mathematics or statistics at the 10+2 level or higher. Professional qualifications like CA/CS/CWA/CMA/CPA might equal a degree for some programmes.
Also Check: CAT Previous Year Question Papers
List of accepted exams: CAT, XAT, GMAT, etc.
Top MBA finance programmes select students based on their performance in these national-level entrance exams. Given below are the entrance exams accepted by the top 10 MBA in Finance Colleges in India.
| Exam | Conducting Body | Schedule (2025-26) | Key Features |
| CAT | IIMs | 30 Nov 2025 | Most prestigious; accepted by 826 colleges |
| XAT | XLRI Jamshedpur | 4 Jan 2026 | Unique decision-making section; 568 colleges |
| NMAT | GMAC | 5 Nov – 20 Dec 2025 | Multiple attempts allowed within testing window |
| SNAP | Symbiosis University | Dec 2025 | General awareness section; no sectional time limits |
| GMAT | GMAC | Year-round | Internationally recognised; preferred for global B-schools |
| MAT | AIMA | Multiple sessions | Student-friendly with multiple attempts; 742 colleges |
| CMAT | NTA | Feb 2026 | Government-conducted exam; 693 colleges accept |
Cut-off trends for top colleges
CAT cut-offs at the top 10 MBA in Finance Colleges in India remain very competitive:
- IIM Ahmedabad, Bangalore, Calcutta: 99-100 percentile for final selection
- IIM Lucknow, Indore, Kozhikode: 97-98 percentile
- Newer IIMs: 90-96 percentile range
- FMS Delhi: Highest non-IIM cut-off at 99+ percentile
- SPJIMR Mumbai: 85+ percentile with profile-based calls
- MDI Gurgaon: Approximately 94+ percentile
Reserved category students’ cut-offs are usually 3-5 percentile points lower than general category requirements. Many institutes look at past academic performance, work experience, and results in group discussions and personal interviews along with entrance exam scores.
MBA Finance Fees and ROI Analysis
Making a financial investment in an MBA in finance demands a thorough evaluation of both immediate costs and expected returns. This evaluation helps students make well-informed decisions about their educational investment to the top 10 MBA in Finance Colleges in India.
ROI formula “(Post-MBA Salary – Pre-MBA Salary) ÷ Total Cost of MBA × 100” helps calculate returns. Professionals earning ₹6 LPA before MBA can expect ₹9-12 LPA after graduation, with yearly growth around 15%.
| College | Total MBA Fees (Approx.) | Average Package (2025) |
| IIM Ahmedabad | ₹26.5 lakh | ₹34.45–35.68 LPA |
| IIM Bangalore | ₹26 lakh | ₹34.88 LPA |
| IIM Calcutta | ₹27 lakh | ₹34.23 LPA |
| XLRI Jamshedpur | ₹23–25 lakh | ₹31.08 LPA |
| JBIMS Mumbai | ₹6 lakh | ₹26.12 LPA |
| SPJIMR Mumbai | ₹22.5 lakh | ₹32 LPA |
| FMS Delhi | ₹2.32 lakh | ₹34.1 LPA |
| NMIMS Mumbai | ₹6–25 lakh | ₹25.13 LPA (MBA Gen) |
MBA in Finance Job Opportunities and Career Scope
Graduates from the top 10 MBA in finance colleges in India step into a dynamic job market filled with exciting career opportunities. The finance sector continues to offer rewarding roles in companies of all sizes. Employment opportunities for MBA in finance graduates attract prestigious recruiters in various sectors. Students graduating from top 10 MBA in finance colleges in India find roles with industry leaders that value their analytical and strategic skills. Some of the top recruiters of MBA Finance graduates are Consulting Firms, Banks and NBFCs, FinTech Companies, etc.
Top roles after MBA in Finance
Among the top 10 MBA in Finance Colleges in India, Financial Analysts (₹4,13,194 yearly), Investment Bankers (₹4,91,064 yearly), and Financial Consultants (₹3,60,096 yearly) represent the most common career paths. Portfolio Managers, Risk Managers, and Equity Research Analysts (₹3,38,078 yearly) are also popular choices. Many professionals build successful careers in corporate finance, treasury management, and financial planning.
Industries Hiring Finance MBAs
The BFSI sector leads the recruitment drive with 19-29% of total job offers. Goldman Sachs, JP Morgan, Morgan Stanley, and ICICI Securities rank among the top recruiters.
| Industry | Key Roles | Average Salary Range |
| Banking & Financial Services | Investment Banker, Relationship Manager | ₹10-18 LPA |
| Consulting | Management Consultant, Risk Advisor | ₹6-14 LPA |
| FinTech | Financial Analyst, Business Analyst | ₹4.9-12 LPA |
| Corporate Sector | Finance Manager, Treasury Manager | ₹7.4-40 LPA |
Highest paid jobs after MBA in Finance
After graduating from the top 10 MBA in Finance Colleges in India, Chief Financial Officers lead the compensation charts with average earnings of ₹11,80,136 yearly. Hedge Fund Managers earn impressive packages between ₹15-60 lakhs. Private Equity Associates (₹13.6 LPA) and Portfolio Managers (₹12.6 LPA) also command substantial salaries. Investment Banking professionals start at ₹10-15 lakhs and can reach ₹30-60 LPA after 5-7 years of experience.
Conclusion
The top 10 MBA in Finance Colleges in India offers exceptional career prospects and impressive returns on investment without doubt. This detailed analysis shows everything that makes this specialisation valuable in today’s economic landscape.
Programme fees vary substantially between institutions – from FMS Delhi’s affordable ₹2 lakhs to premium institutions like IIMs charging ₹23-27 lakhs. All the same, whatever the original investment, finance graduates see salary jumps of 187-249% post-MBA that justify the educational costs.
Students who want to select an MBA in Finance programme should think about curriculum relevance, industry connections, and geographical advantages – not just rankings and placement statistics. The choice ends up depending on individual priorities. Some maximise ROI with the top 10 MBA in Finance Colleges in India, like FMS Delhi and JBIMS Mumbai, while others prefer the prestigious networks of IIMs and XLRI.
An MBA in Finance opens doors to diverse career paths across multiple sectors. Studying at the top 10 MBA in Finance Colleges in India demands dedication and investment, but the long-term benefits – both financial and professional that make it worthwhile for ambitious individuals who want to excel in the ever-changing world of finance.
Frequently Asked Questions
1. Which are the top institutes for MBA in Finance in India?
The leading institutes for MBA in Finance in India include IIM Ahmedabad, IIM Bangalore, IIM Calcutta, XLRI Jamshedpur, and JBIMS Mumbai. The top 10 MBA in Finance Colleges in India are renowned for their comprehensive finance curricula, strong industry connections, and excellent placement records.
2. What is the average salary package for MBA Finance graduates in India?
BA Finance graduates from top institutions can expect average salary packages ranging from ₹10 LPA to ₹35 LPA, depending on the college and individual performance. Some graduates from the top 10 MBA in Finance Colleges in India, like IIMs may even secure packages exceeding ₹40 LPA.
3. How much does an MBA in Finance typically cost in India?
The cost of an MBA in Finance in India varies widely. At the top 10 MBA in Finance Colleges in India, it can range from approximately ₹2 lakhs at government institutions like FMS Delhi to ₹23-27 lakhs at premium private institutions and IIMs. The average cost at most reputable private institutions falls between ₹15-20 lakhs for the two-year programme.
4. What entrance exams are required for MBA Finance admissions in India?
The Common Admission Test (CAT) is the primary entrance exam for most top MBA programmes, including finance specialisations, among the top 10 MBA in Finance Colleges in India. Other accepted exams include XAT, GMAT, NMAT, and, in some cases, institution-specific tests like IIFT or SNAP.
5. What are the emerging trends in MBA Finance education in India?
Emerging trends in MBA Finance education include increased focus on FinTech and digital finance, incorporation of sustainable finance and ESG principles, and greater emphasis on AI and data analytics in financial decision-making. The top 10 MBA in Finance Colleges in India are updating their curricula to reflect these industry shifts.
